In 2026, the decision to buy is no longer a default "yes" just because you have a VA loan. You need to apply the 3-Year Rule and the BAH Gap Test.

1. The 3-Year Rule

Generally, it takes roughly three years for home appreciation and principal pay-down to offset the "transaction friction" (closing costs when buying and agent commissions when selling).

  • 1–2 Years: Rent. Even in a growing market, the 6%–10% cost of selling will likely wipe out any equity you built.

  • 3+ Years: Consider Buying. This is the "break-even" zone where market appreciation (projected at 1%–2% for 2026) starts to work in your favor.

2. The BAH Gap Test

BAH is calculated to cover 95% of local rental costs, not 100% of a mortgage.

  • Rent: If local rent is $2,200 and your BAH is $2,300, you are "making money" on housing.

  • Buy: If a mortgage (PITI) is $2,700 for a similar home, you have a $400 monthly "out-of-pocket" gap. You must decide if building equity is worth that $4,800 annual investment.

Decision Matrix for 2026

Factor

Favor Renting

Favor Buying

Timeline

Under 3 years

3–5+ years

Market Type

High-cost coastal (e.g., San Diego, Keys)

Mid-market/Growth (e.g., Clarksville, San Antonio)

Maintenance

Want $0 "surprise" costs

Handy or have $5k emergency fund

VA Loan

Already using it elsewhere

First use or have "bonus" entitlement

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